Ladysmith council has selected a developer for its new city hall.
In a meeting this week council chose Catalyst Developments to lead the project, a not-for-profit group that operates affordable rental housing communities in BC.
According to a staff report Catalyst typically offers rents 10 to 40% below market rates.
“That’s the kind of market we are looking for,” said Mayor Aaron Stone. He added that the Holland Creek Area plan had 95 market-rate units with a 400 people waiting list.
“So the demand is there,” said Stone.
The development would house city hall, 95 rental units and 25,000 square feet of retail space.
